Franklin Street Advisors Inc. NC Has $55.14 Million Holdings in Amazon.com, Inc. (NASDAQ:AMZN)

Franklin Street Advisors Inc. NC grew its holdings in Amazon.com, Inc. (NASDAQ:AMZN - Free Report) by 1.2% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 295,945 shares of the e-commerce giant's stock after acquiring an additional 3,523 shares during the quarter. Amazon.com accounts for approximately 3.7% of Franklin Street Advisors Inc. NC's investment portfolio, making the stock its 5th biggest position. Franklin Street Advisors Inc. NC's holdings in Amazon.com were worth $55,143,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of AMZN. Phillips Wealth Planners LLC raised its stake in Amazon.com by 9.2% in the first quarter. Phillips Wealth Planners LLC now owns 2,655 shares of the e-commerce giant's stock valued at $487,000 after purchasing an additional 224 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Amazon.com by 0.5% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,847,177 shares of the e-commerce giant's stock worth $550,217,000 after buying an additional 14,766 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Amazon.com by 19.2% during the 3rd quarter. GAMMA Investing LLC now owns 119,205 shares of the e-commerce giant's stock worth $22,211,000 after buying an additional 19,231 shares in the last quarter. Stonekeep Investments LLC bought a new position in shares of Amazon.com during the 2nd quarter worth approximately $2,588,000. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Amazon.com by 164.1% during the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,053,958 shares of the e-commerce giant's stock worth $203,677,000 after buying an additional 654,908 shares in the last quarter. Institutional investors own 72.20% of the company's stock.

Amazon.com Price Performance

Shares of NASDAQ:AMZN traded down $1.87 during trading on Friday, hitting $208.18. 36,040,942 shares of the company's stock were exchanged, compared to its average volume of 41,437,816. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.09 and a quick ratio of 0.87. Amazon.com, Inc. has a 52-week low of $139.52 and a 52-week high of $212.25. The business's 50-day simple moving average is $187.83 and its 200 day simple moving average is $184.62. The company has a market cap of $2.19 trillion, a price-to-earnings ratio of 44.58, a PEG ratio of 1.34 and a beta of 1.14.

Amazon.com (NASDAQ:AMZN - Get Free Report) last released its earnings results on Thursday, October 31st. The e-commerce giant reported $1.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.29. Amazon.com had a return on equity of 22.41% and a net margin of 8.04%. The firm had revenue of $158.88 billion during the quarter, compared to analysts' expectations of $157.28 billion. During the same quarter last year, the business posted $0.85 earnings per share. The firm's revenue was up 11.0% on a year-over-year basis. As a group, equities analysts predict that Amazon.com, Inc. will post 5.16 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AMZN. Monness Crespi & Hardt increased their price target on Amazon.com from $225.00 to $245.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Wells Fargo & Company cut Amazon.com from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from $225.00 to $183.00 in a report on Monday, October 7th. Roth Mkm increased their price target on Amazon.com from $210.00 to $215.00 and gave the stock a "buy" rating in a report on Friday, August 2nd. Royal Bank of Canada increased their price target on Amazon.com from $215.00 to $225.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Finally, Barclays increased their target price on Amazon.com from $220.00 to $235.00 and gave the stock an "overweight" rating in a report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating, forty have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Amazon.com has a consensus rating of "Moderate Buy" and a consensus target price of $234.55.

Insider Buying and Selling at Amazon.com

In other Amazon.com news, Director Jonathan Rubinstein sold 5,004 shares of the firm's stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the completion of the transaction, the director now owns 99,396 shares in the company, valued at $19,864,290.60. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Amazon.com news, Director Jonathan Rubinstein sold 5,004 shares of the business's stock in a transaction on Friday, November 1st. The shares were sold at an average price of $199.85, for a total transaction of $1,000,049.40. Following the transaction, the director now owns 99,396 shares in the company, valued at $19,864,290.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Andrew R. Jassy sold 20,784 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $180.77, for a total transaction of $3,757,123.68. Following the completion of the sale, the chief executive officer now directly owns 2,056,534 shares in the company, valued at approximately $371,759,651.18. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 55,859 shares of company stock worth $10,215,097 in the last quarter. 10.80% of the stock is owned by corporate insiders.

Amazon.com Company Profile

Amazon.com, Inc engages in the retail sale of consumer products, advertising, and subscriptions service through online and physical stores in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS). It also manufactures and sells electronic devices, including Kindle, Fire tablets, Fire TVs, Echo, Ring, Blink, and eero; and develops and produces media content.